Onto Innovation (NYSE:ONTO) Now Covered by Analysts at Evercore

Investment analysts at Evercore started coverage on shares of Onto Innovation (NYSE:ONTO) in a research report issued to clients and investors on Tuesday, Zacks reports. The brokerage set a “strong-buy” rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 price target on the stock. Zacks Research lowered shares of Onto Innovation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Onto Innovation in a report on Tuesday, October 20th. Finally, Stifel Nicolaus dropped their target price on shares of Onto Innovation from $350.00 to $305.00 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $354.55.

Onto Innovation Trading Up 1.7%

ONTO stock opened at $197.41 on Tuesday. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. Onto Innovation has a 52-week low of $121.57 and a 52-week high of $386.46. The company’s 50-day simple moving average is $250.73 and its 200-day simple moving average is $259.12. The firm has a market cap of $9.69 billion, a P/E ratio of 64.94, a PEG ratio of 0.63 and a beta of 1.66.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.14. The company had revenue of $409.75 million during the quarter, compared to analysts’ expectations of $392.08 million. Onto Innovation had a return on equity of 17.03% and a net margin of 11.53%. Onto Innovation’s quarterly revenue was up 87.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Onto Innovation will post 8.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan Lynch sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the sale, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director directly owned 10,692 shares of the company’s stock, valued at approximately $3,207,600. This represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Onto Innovation

A number of large investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Onto Innovation during the 2nd quarter valued at about $6,377,000. Ausbil Investment Management Ltd acquired a new position in shares of Onto Innovation during the 3rd quarter worth approximately $1,444,000. Cetera Investment Advisers boosted its holdings in shares of Onto Innovation by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock worth $2,720,000 after purchasing an additional 1,793 shares during the last quarter. BOKF NA purchased a new stake in shares of Onto Innovation in the third quarter valued at approximately $1,758,000. Finally, Entropy Technologies LP purchased a new stake in shares of Onto Innovation in the first quarter valued at approximately $2,877,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Onto reported record Q3 revenue of about $410 million, up 88% year over year, and earnings of $2.44 per share. Both exceeded analyst expectations, and revenue, operating margin and EPS topped the high end of the company’s prior guidance. Onto Innovation Reports 2026 Third Quarter Results
• Positive Sentiment: Q4 guidance also came in above consensus: Onto forecast revenue of $430 million–$450 million and EPS of $2.59–$2.79, versus estimates of about $409.5 million and $2.47, respectively. Reports cited AI-related demand and a backlog exceeding $1.3 billion as growth supports. Q4 outlook and backlog
• Negative Sentiment: Several firms cut price targets: Jefferies and RBC lowered theirs to $350, Morgan Stanley to $325, and B. Riley to $285. Each retained a bullish rating, but the reductions signal more cautious valuation assumptions and could weigh on sentiment. Jefferies rating information

Onto Innovation Company Profile

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.